 What's up everyone the number one thing that people always ask me for is live trades live trades live trades And I'm happy to announce that we're gonna start showing more live trades or we're gonna start this one off with a bang So this was a one hundred forty five thousand dollar profit in just one day trading the meme stocks So before I start I'm gonna log into my broker statement to show you how I'm doing for the year so far So the broker that I use is called success trader and the clearing firm that they use is called hilltop securities So I'm gonna log into hilltop's website Gonna go to my account here tennis capital ink Go to gains and losses We're gonna go to realized and Just in this current month It's about a 600,000-dollar profit Let's do your date so year to date you guys can see about 1.3 million dollars on August 30th 2022 and this does not include the one hundred forty five thousand dollar trade So it's closer to about one point five million dollars so far this year in a bear market This is my broker statement. It's not a screenshot. So now that you guys have seen that let's go on to the live trade So before I begin let me explain the setup that I'm gonna be trading here on that bathroom beyond So if you see the daily chart here, you can see that it had its first initial run up, right? This was running up on Ryan Cohen buying the stock and the dub happened when Ryan Cohen and the CFO and all these insiders sold stock There was rumors going around that the company was gonna go bankrupt And what ended up happening is bedbath and beyond released a PR statement of a forward-looking event That says they have some way to avoid bankruptcy. So this is a sell the new setup So what ends up happening is the stock runs up in Anticipation of this PR and the day of the PR or in this case the day before the PR actually comes out The stock tends to fade. So this has already been a three-day run, which is up almost 50% in three days So keep in mind this stock has already made its parabolic move and I'm trading from the short side So I think that long-buy traders are stuck and they're looking for some sort of exit So my plan on this stock is I'm looking for this morning gap up to be rejected The reason why I'm looking for this gap up to be rejected is because I think everyone thinks that the sell the new Setup is gonna happen tomorrow and because everyone thinks it's gonna happen tomorrow Smart money is gonna exit the stock today into the volume and into the gap up So my thesis is the sell the new setup is gonna happen one day earlier Because everyone is expecting it to happen tomorrow So after you have a thesis you must back it up with price action So I want to see price action confirm my thesis and this is a stock that I want to get very Aggressive on because it has a lot of volume So I could trade in and out of hundreds of thousands of shares in minutes if I really want to or in seconds So an opportunity like this doesn't come around too often This is a sell the new setup Which is my second best setup that I trade the first one is the first red day and I was able to catch the entire thing Live on camera. So let's go through it step by step So this is being started at 804 a.m So as you can see I took a small starter position on the stuff and if you notice here the route is MIC So our partnered up broker success trader their commission structure is 0.002 a share But by using the MIC route you get a rebate of point zero zero two five a share So if you subtract that from your commission you get paid this much amount of money per share that you trade by using the MIC route So essentially you're getting to trade for free plus getting money on top of that This is exclusive to success trader clients only. Let's get back to the video So right now I see the stock bouncing pre-market and what this stock likes to do is it likes to bounce pre-market and Then at the open it likes to sell off It likes to get people excited that the stock is going to run pre-market But after trading the stock for so many days and so many weeks. I've learned its personality I know that this stock is going to try to do a run pre-market and then if it fails I'm going to get aggressive on the stock, right? I'm going to get very aggressive because The stock tends to wash out at the open the stock tends to tank at the open And that tank is a trap to go up and depending on how that trap acts Then we'll see what happens What I'm looking forward here is I want to see the stock hold resistance here at 15 20 and start to wash out under 15 If the stock breaks above 15 20 I want to cover partial of my position for a small loss in case it goes to 16 or 17 And if it ends up breaking this 14 90 15 dollar VWAP level, I want to get aggressive on this trade So let's see what happens as you can see I'm adding a little bit to my position as 15 20 is topping out And this stock on top nerve is a stock that I was watching for a bounce to short I didn't really get there. So later on in the video I switch it to a five minute chart on bedbath and beyond so I have a better view of the entire trade So as you can see here, I'm drawing my support lines. I know that if this stock breaks under 14 55 there is pretty much going to be no more support left on the stock until 14 So I just want to give myself a visual representation of what the stock is doing And as you can see I am zooming out to the previous days to see how much room does this stock have to go down? All right, so as of now, I know that 14 is a pretty solid level So that's my target on this stock if it goes under 14 great But my target is around 14 dollars for a stress-free trade on this stock As the stock begins to go in my favor, I get a little bit more aggressive with it Keeping in mind that if this stock breaks above 15 20 I have to cover a piece of my position in case things go wrong If it's a small loss, I can make it back. But if it's a big loss, I'm dead Now the first test of VWAP here looks like it held. So I want to be cautious I want to see what is it going to do next So the stock looks like it's about to reclaim 15 20 Now what I want to do here is I want to take a piece of my position off on a dip in case things go wrong So rather than buying the resistance and rather than covering right at the top. I want to let it test Come back down use that dip to cover and then reassess my position. So let's see what happens here As you can see there, I tried to cover some at 15 25. I couldn't get it Now if you notice the pre-market high of the day is 15 15 So that is my complete emergency exit if that breaks 15 15. I got an e-brake out of there I got to get the heck out of here. But this move right here Oftentimes they might push it above pre-market highs Get everyone excited get everyone to exit get everyone to buy and then bring it right back down Let's see what happens here. So seller showed up at 15 37 I like to see that right there Let me go back So a seller showed up at 15 37 right there 12 000 shares. I want to see that I want to see sellers coming into these pops and selling into them When I see that seller come in I adjust my order to cover a little bit lower Now i'm totally okay covering for a small loss in case the trade goes wrong and adding it right back once it goes in my favor So ideally I don't want to see this thing break 15 50 pre-market because if it does It's going to 16 So I am trying to mitigate my losses. I am trying to manage my risk here just in case Things go wrong If I have a small controlled loss, it is totally okay I do not want a loss to balloon So now you see a big buyer here at 15 30 and some selling at 15 33. So who's gonna win? Looks like the seller's one. So I covered partial of my position 15 uh 15 26 Trying to cover some more on the dip and again if this just dips and tanks I have no problem adding back short and if this pops and pushes I have no problem exiting my position Now I covered some of my position on this dip and I want to see what it does. Look another seller just showed up So here I try to cover a little bit more on the dip just in case So now I'm seeing that it's trying to bounce I draw my line of 15 50 and I give myself a clear area to exit in case I'm wrong What I want to see is I want to see this bounce fail And I want to see this thing break 15 20 and if it does that I'm going to add right back everything that I covered Because at that point it is now a failed bounce Let's see what's gonna do Uh-oh now it's starting to come back down I see it coming back down and now I want to add right back in So whatever I exited maybe even more than that. I want to get back in because now that 15 20 resistance Is now acting as resistance again 15 20 broke and now it's coming right back to be a seller So now I'm adding right back again And same thing as before I want to see 15 and 14 90 break And when that happens, I will get aggressive on the stock Again, I have no problem hitting the bid if it goes in my favor I want to be able to add because right here It just failed that bounce this bounce if correct should have gone to 15 50 and 16 instead There were sellers that showed up on this and because there's sellers showing up on it That gives me confidence. I'm seeing a big buyer here at 1506. I might have to hit him myself. I don't care So let's recap I covered my position for a loss on partial shares if it went higher I would have gotten out the rest instead of failed and I added back and now This entire move that started right here at this candle is about to be given back So this gives me confidence This tells me there are sellers on this stock and my thesis might be right And because my thesis is right. I am okay sizing in I am okay loading in Added some more at 1506 and remember 15 and 14 90 break was my goal was my target I want to see it break support of 14 90 and 15 So I could feel confident. I could get aggressive and let's see what happens In a flash we're at 14 90 At this point I'm trying to add more So my thesis was correct to be shorting here and adding when 14 90 and 15 broke They ended up faking people out thinking. All right. It's going to go higher So took a small loss and I started aggressively adding back as my thesis was being proved again So let's see what it's going to do here. This is me taking a screenshot to mic members to educate them on my trade live 50 000 share bitter 14 88 Let's see what he does Oftentimes if you want to bid that much you don't show your size because someone like me will just jump you So that might be to prop it up. Boom. They hit him and straight down Now i'm getting aggressive again Now I see that the trend is broken and this thing might actually break 14 50 pre market Let's fast forward a bit Now the stock is trying to bounce and what I want to see here is I want to see a fail at vwep I want to see a test test test 14 95 15 and fail And if it keeps testing and keeps failing I will keep adding So the more times it fails the more aggressive I get Again, I want to see it under 14 90s and 15 dollars if it breaks above 15 dollars I will use that same 15 20 line to stop out But if it stays under and it cannot reclaim 15 I am going to keep adding And what was the thesis the thesis is the sell the news setup They're getting everyone excited pre market and then at the open I think they're going to dump it They're going to dump it and then try to rebound it and then if that rebound fails that's going to be the money shot So let's see what happens Still going a little bit lower the bounce failed the bounce failed. So now this gives me confidence I see 1470 support and I see 1450 support if 1470 and 1450 breaks this thing is going to melt down So what I'm seeing here is lower high lower high lower high and fail This is the exact thing that I want to see when I'm trading a stock like this I want to see lower highs. I want to see fails and I want to see a meltdown, right? So right now I'm in 130 000 shares. I'll have about 45 000 and that's that's I'm not trying to trade Just to make 45 000. I know it sounds crazy, but this is a trade that could be a potential six figure winner So I want to be able to lock in profits on dips and recycle those back on pops So let's see what happens here And keep in mind this is before the market opens. So there's still 30 minutes until the market opens a lot can change Remember 1450 was the major support. So it only makes sense. That's hovering around 1450 for a little bit Tries to bounce and now I want to see this bounce fail I don't want to see it go above 15 and as the stock breaks 1450. I want to be able to lock in profits I want to be able to take some off to give myself a cushion to give myself a padding In case this bounces aggressively at the open if this bounces aggressively at the open I want to have a profit cushion to protect myself. So the 1450 line just broke Let's see what happens And I'm not looking at my p&l here. I know it looks sick looking at $65,000 before the market opens But I think that this could turn into a really big winner. So what I'm doing here is I'm trying to trim some of my position I'm trying to exit some of my position for a small win Right So that in case the stock bounces in case it goes crazy at the open I will be able to attack back and this is me taking a screenshot and educating mic members live on this trade I pulled up the five minute chart here to draw more areas of interest to know where to cover It is not a coincidence. I'm using this resistance to cover Resistance turns into support And this is going to be my next cover area around $14. I am using the chart to determine my entries and exits So let's see what happens here guys Trying to cover some more of 1437 didn't really get it Market's going to open up here in five minutes I say hey, I'm just going to add back a little bit on this bounce. No problem And my plan My plan is remember what I mentioned the stock usually pushes pre-market and washes out at the open So if this stock washes out at the open, I want to be able to lock in half of my position So that in case it bounces I have realized profits to pad me and in case it takes more so be it at least I protected myself So the market should be opening up here in three minutes So let me go back and let me show you what I did here So the market's going to open up in 20 seconds. What I'm doing is I'm setting fantasy orders So I'm setting limit orders under the bid in case this stock washes out really fast at the open I have open orders out to cover the position because sometimes these stocks move so fast that if we don't have an order set We might not get it. So the market's going to open up in here one second and let's see if these orders fail So I covered nearly half my position and locked in $41,000 in realized profits with another 40,000 in unrealized profits Now what I want to do here is I want the stock to bounce Ideally towards 15 right because 15 was where it was rejecting before I want this thing to bounce towards 15 and I want to reload everything that I covered So I covered about 70,000 shares on that dip Right Let's see what happens Still trying to cover some more And remember if it tanks, I got no problem adding back. I just want to protect myself So I locked in $47,000. So in case something goes wrong, I have a big padding to offset it Now I'm starting to slowly add back in because I'm seeing that this stock is rejected I'm seeing that the bounce is failing. So I'm starting to scale back in Now this ad was a little bit premature because I thought that it was going to break the low of the date here So I added back a little bit too quickly And that's totally fine because I have some realized profits and I have a plan on the stock I was trying to cover a little bit earlier, but I ended up not being able to fill So stay calm stuck to my plan and my plan told me that if this thing bounces If this thing bounces I am now okay scaling back into the position because the stock does the same pattern every single day The stock is strong pre-market The stock tanks at the open the stock rebounds at the open and then if that rebound fails It is going to unwind So I am slowly starting to scale back into my position not looking at my profits I'm not looking at anything other than the fact that I want this thing to bounce towards $15 I want to bounce towards $15 to get people excited And then I want them to pull the plug on it. So let's see what happens So because I locked in such large profits at the open I am very comfortable and I am very confident That I have room in case things go wrong If you notice $15 is the resistance area here. So what it's going to probably try to do is push towards 15 Get everyone excited And then if they pull the plug at 15, I'm going to get comfortable. I'm going to get confident and I'm going to get aggressive So I ended up washing out to $14.50 And remember $14.50 was the support from before Remember $14.50. So that's going to be a very that's going to be a very big area of interest on the stock, right? So over here, I'm trying to cover some of my position to mitigate my risk and to make sure that I lock in some profits Not sure if I'm going to get it or not But as you can see, I am using the weakness to cover my position I am using the strength to add to my position and I'm just repeating it over and over and over again Now in a perfect scenario what I would like to see is I want to see the stock push above 15 I want to push above 15 to get everyone excited that 16, 17, 18 is coming And then I want them to pull the plug on it. So let's see what happens And again throughout this entire time, I am not looking at my profits I am looking at the chart. I am looking at my plan I am trying to trade the stock not trade my profits And because I locked in such large profits in the open, I'm not panicking. I'm not hesitating. I'm not worried So if you find yourself struggling or you're not able to be patient, it's probably because you haven't locked in any profits So I lock in profits on dips to be able to offset in case things go wrong So remember I want to see a push towards 15 and I want to see this thing slam right back down I want everyone to get excited thinking that 16, 17, 18 is coming And then I want to see a massive death candle or massive rejection or something to give me a signal that hey, I'm right Oftentimes stocks need to heavily heavily push To be able to come back down Now my plan is if this thing starts to break above 15, 20, I'll cut it off and I'll maybe lose a couple thousand dollars That's not really the end of the world for me. This is a potential six-figure trade If I lose 5, 10,000 on a potential six-figure trade, that's fine. Now. Here's the death candle We're seeing that entire push got rejected that entire push So what we want to see next is now we want to see 14 50 support break and take all the way back down to 14. All right So let's see what happens here. This is a death candle in my eyes. This is a signal that the stock is dead Now a full-size position for me would be around 200,000 shares on this stock Now I'm in about 130,000 and I still have enough room to add about 70,000 more But I just want to take it slow for now. I want to take it slow I want to see I see that the stock is starting to play games And because the stock started to play games, I don't want to get too aggressive with it yet I have a pretty big position on I want to see a playthrough. I have locked in profits I don't want to get too aggressive yet Now what we want to see is we want to see this 14 50 level break This 14 40 level break and then we want to see a break down to low of the day So let's see what happens here So what I'm doing here is I'm removing the arrows from my five minute charge So it's a lot cleaner to see but the arrows are still on my one minute chart I just want to be able to see the chart a little bit cleaner So again, 14 50 and 14 40 we want to see that break If that breaks that tells me that this stock is gonna tank 14 50 and then 14 40 We need to see that break because if that breaks everyone that bought at $15 is now underwater Come on 14 40 Now we're at 14 30 So every single person that bought for this ramp is now stuck and underwater This is the exact signal that I want to see And as you see here, I'm going to cover some at 14 37 to lock in some profits in case It decides to bounce one more time to 15 And if it tanks, I have no problem getting back in So using the dip to exit my size Using the dip to give myself padding is what I'm trying to do here So I noticed that the bounce is failing. So I'm trying to add back my position I see that the bottom of that candle was 14 21 So I want to see 14 21 break and I want to see another test of 14 on this stock So as the stock starts to bounce, I'm slowly scaling back into my position I want to scale back in towards 14 40 14 70 and 15 bucks And if it fails, it fails But I want to slowly scale back in because I'm noticing that the bounces are getting less strong So remember 14 21 was the bottom of that candle So I want to see that candle break and I want to see this thing test 14 bucks So slowly scaling back in on bounces. I've locked in $53,000 and realized profits We're not 30,000 waiting. I'm not worried right now. The stock is reading exactly what I thought So it looks like the bounce is failing again This is beautiful. It couldn't even bounce to view app. It's just failing So now this is telling me this stock is really weak Remember 14 21 broke What's next 14 10 is the low of the day. Can it break it? boom Now we're at the low of the day I'm up $53,000 plus another $66,000 waiting to be locked in Now the thing that you guys have to know about trading size is you can't just cover hundreds of thousands of shares at you know 14 10 You have to wait for liquidity spots on the stock whether it be whole dollars and a half dollars and on this stock $14 is a whole dollar mark So I set an order to cover 70 000 shares Which is half of my position at $14 And the reason why I want to do this is because I know that that is the best spot to get liquidity on the stock I need people to slam $14 I need stops to go off to be able to take off my monster position Or else I'm going to be pushing the stock up myself So if trading size Look for key liquidity spots, you know a whole and half dollar marks to exit your position, right? So at this point I ran out of locates So I'm sitting at the bid at $14 to cover half of my position Because that's the spot that's going to give me the most amount of liquidity I need that liquidity to exit. I need people to stop out I need people to slam the bid into my order And that's pretty much the only place that I'll be able to cover a large portion of my size at the same price point So what's going to happen next? Come on 14 The bounce is failing again Come on do it Boom 14. You see I got that instantly 70 000 shares executed in one second It executed in one second because so many people were hitting the bid or stopping out or whatever that I got a huge liquidity zone to cover my shares Now covering more and more on this dip locked in $116,000 in realized profits is still another $30,000 to go So I'm just using this entire dip to cover my position. I'm covering and covering and covering and covering Into the panic as people are panicking on this stock as people are dumping it I am using that as my opportunity to get out and lock in my gains And if you look it's only been 17 minutes until the market opened This trade executed in 17 minutes I'm down to my last 5500 shares and I'm just like screw it. I'm gonna take the money So locked in 143 thousand dollars and I said hey if this stock bounces, maybe I'll take another scalp on it So let's see what happens Starting to bounce So I'm starting to slowly scale back in. I'm not going to use 150 000 shares like last time But hey, I might go up to 10 20 30 000 shares on this bounce Ideally it gets up to 14 15 and 14 17, but who knows Notice the stock bounced over the same support line that I drew That is why I covered there and this is what we teach inside m i c So I got about 10 000 shares on at a 14 25 average I would love to add around 14 50 But hey if this washes out, I'll just take the profits It just All right. Well now it started to pull back. So I'm trying to just take my profits on the dip 14 10 is what I'm sitting not trying to get greedy 15 cents is bad not bad And that's it guys. That's 145 thousand dollars trading in just one day trading the meme stocks and yeah Let me show you what happened to the chart throughout the rest of the day The stock ended up totally collapsing throughout the rest of the day and I got out around 13 90 and 14 And it went as low as 12 bucks. I could have made almost three to 400 000 dollars on this stock But hey, I screwed her up. It's not so bad when you screw up and make hundreds of thousands of dollars So if you enjoyed this live trading video Leave a like on the video and leave a comment on the video And if you want to see more live trades from me Let me know and if you're curious about my strategy and you want to learn how to day trade for yourself All you got to do is go to my investing club.com slash webinar and register for our free mentorship course This is for non MIC members only you're going to see my strategies You're going to see my live trades. You're going to see a lot of my process Revealed to you live and this course is only going to be available for a limited time only So if you like this video If you are curious about trading if you want to get started to trading Watch my free mentorship course online 100 free no strings attached and you'll see some more live trades for me But in the meantime, please subscribe. Please like please leave a comment I'll record some more live trades for you guys soon. Thanks